30 Year Masonry Restoration Contractor Including Property - SOLD

30 Year Masonry Restoration Contractor Including Property - SOLD Location: Cincinnati
Listing Number: 32193

Financial Information

Asking Price: $286,000
Gross Revenues: $373,000
Cash Flow: $160,000
Real Estate: Included in the asking price

Business Description

This company is operated by the original retirement aged owner who has built his reputation on respect, trust, and great customer service.  His employees are skilled in brick laying, tuck pointing, and repair for both stone and brick walls. Sales through June 2021 are $199,000 with net income of $111,000 so 2021 will be a banner year.  Buyer could expect quick growth with taking on larger jobs that the current owner refers to larger masonry contractors.  The price includes a 4,000 square foot office / warehouse that is centrally located in the Greater Cincinnati region. This business is offered as an asset purchase, free and clear of debt.  The owner will train in all aspects of the business and will be available to ensure a smooth transition.  Highlights include: 

SBA loan eligible

Work of mouth advertising only

Price includes all inventory & equipment

Basically an April thru December work schedule

No PPP money – business grew thru the pandemic

Clean books & records – all numbers are verifiable

Serving both residential and commercial customers

Price includes 4,000 square foot office / warehouse

Long time staff in place – over 70 years with company